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Oil prices end week higher on Ukraine-Russia tensions, falling US inventories, and trade hopes

- Oil posts strong weekly gain as geopolitical risk rises, inventories fall, and rate cut hopes lift sentiment

06.06.2025 Oil

Brent crude dips slightly on demand worries, geopolitical uncertainty

- Oil prices see limited movement as weak economic data from the US and China weigh on demand outlook, while geopolitical tensions keep markets on edge

06.06.2025 Oil

US crude oil inventories down by 1% for week ending May 30

- Daily crude oil production increased to around 13.41 million barrels per day

05.06.2025 Oil

Oil slips on trade uncertainty, OPEC+ output hike

- US President Trump's signs executive order doubling tariffs on steel and aluminum imports to 50%, reigniting concerns over global economic growth

04.06.2025 Oil

Oil prices edge lower over demand worries triggered by Trump's trade policies

- Key US labor market data, seen as gauge of economic momentum, under close investor scrutiny

03.06.2025 Oil

Oil rises as Ukraine strikes Russian bases ahead of Istanbul peace talks

- Prospect of new US sanctions against Russia is deepening supply concerns and pushing oil prices higher

02.06.2025 Oil

OPEC+ members agree to 411,000 output rise in July

- Eight OPEC+ nations will boost oil production by 411,000 barrels per day (bpd) in July, compared to June levels, as part of plan to gradually unwind voluntary output cuts

31.05.2025 Oil

US oil rig count down by 4 for week ending May 30

- Number of US oil rigs fall by 35 compared to one year ago

31.05.2025 Oil

Oil prices set for weekly drop with possibility of OPEC+ output hike

- Eight-member coalition of OPEC+ group—including Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman— are set to meet on Saturday

30.05.2025 Oil

Türkiye's oil imports down 7.8% in March

- Crude oil imports fall by 6.6% to 2.50 million tons in March, latest data shows

30.05.2025 Oil

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Oil prices rise on higher US demand, OPEC+ and tariff risks weigh on outlook

- US commercial crude oil inventories fall by about 2.8 million barrels to 440.4 million barrels, against market expectation of a 1 million barrel increase

30.05.2025 Oil